Yahoo looks to buy stake in video-sharing site Dailymotion
Yahoo is in talks with France Telecom, which owns Dailymotion, to buy as much as 75 percent of the site, The Wall Street Journal reports.
Yahoo CEO Marissa Mayer is working on buying a controlling stake in video-sharing site Dailymotion, The Wall Street Journal reported today.
Unnamed sources told the Journal that Yahoo is in talks with France Telecom, the company that owns Dailymotion, to buy as much as 75 percent of the site. The site may be valued at about $300 million.
It's far from a done deal at this point, according to the Journal's sources, but Yahoo could use a boost in the video-sharing space, which is mainly dominated by services like Google's YouTube.
Although Mayer purchasedlate last year to fortify Yahoo's presence on mobile, Dailymotion would be her first big acquisition since she took over as CEO.